Practice

The ugly truth is that more and more Americans are incurring debt with no plans on paying it back before they pass away.

John Bowman, the acting director of the Office of Thrift Supervision, lashed out Wednesday at the Dodd-Frank Act, arguing it made his agency the scapegoat for the financial crisis and ...

According to government figures, at least 70 percent of people over age 65 will eventually require some form of help with personal care such as dressing or using the bathroom and 40% will need a nursing home. Nursing homes now cost $80,000 a year on average.

Goldman Sachs introduced an upgraded version of its execution management system, designed to help traders carry out 'relative value' strategies aimed at cancelling out effects of broad market moves.

Asset managers are in a race to develop products that provide guaranteed retirement income, effectively duplicating annuities.

Analysts say growth will stall or slow if upper income households see a tax increase.

In short, there has never been a more important time to proactively manage our businesses.

The ­Securities and Exchange Commission would violate the Tower Amendment and the principles of federalism if it applies its proposed rules on asset-backed securities to municipal bonds, 14 market groups warned this week.

The optimal combination of high corporate bond yields and budding investment returns for defined benefit plans was not evident in this year’s third quarter, as pensions’ worldwide saw an “offset of strong investment returns” due to the decline in yields, Towers Watson said.

Top executives want to reassure lawmakers that foreclosure alternatives are paramount.